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Renting Vs. Buying Costs, Free Calculator.
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March 20th, 2014
Here is a great tool from Trulia that helps you calculate the cost of renting versus buying. In lower Fairfield County we are seeing a lot of activity in new high end rental complexes and so I did a quick check to see if it is better to rent at $2600 vs buying at $500,000. Over a 5 year period better to buy but over a 3 year period better to rent.
Under advance settings on the calculator you can add property tax, home owner’s insurance, renovations, appreciation and more.
David Popoff is a license Connecticut Real Estate Broker specializing in Sustainability in lower Fairfield County, Connecticut.
DMK Property Management llc a locally owned company serving lower Fairfield County, Connecticut.